allocable parental tax
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1 — in this section (10 versions over time)
The term “allocable parental tax” means the excess of—
(i) the tax which would be imposed by this section on the parent’s taxable income if such income included the net unearned income of all children of the parent to whom this subsection applies, over
(ii) the tax imposed by this section on the parent without regard to this subsection.